{"id":1004092706,"date":"2014-03-16T07:29:41","date_gmt":"2014-03-16T15:29:41","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=246843"},"modified":"2020-04-27T22:01:28","modified_gmt":"2020-04-28T06:01:28","slug":"developers-add-more-housing-units-to-growing-midtown-detroit","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/developers-add-more-housing-units-to-growing-midtown-detroit\/","title":{"rendered":"Developers Add More Housing Units to Growing Midtown Detroit"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">A Bingham Farms-based real estate management and development company will soon add 12 apartment buildings in the southwest corner of Midtown Detroit.<\/p>\n<p style=\"text-align: justify;\">As reported by <em><a href=\"https:\/\/www.modeldmedia.com\/devnews\/MidtownAffordableHousing.aspx\" target=\"_blank\" rel=\"nofollow\">Model D,<\/a><\/em> The Slavik Company is moving forward with the sixth phase of construction at Woodbridge Estates\u2014a mixed-income residential community that broke ground more than a decade ago and is bounded by Canfield Street to the north, M-10 to the east, Martin Luther King, Jr. Street to the south and Gibson Street to the west. Woodbridge Estates currently consists of 281 rental units and 51 occupied single-family homes and townhouses.<\/p>\n<p style=\"text-align: justify;\">Slavik\u2019s new development project calls for 12 brand new residential buildings totaling 46 rental units that will be occupied by residents who earn up to 60 percent of the area median income. According to Model D, which quoted Slavik\u2019s vice president Eric Gold, the first units are expected to be ready for occupancy by July 2014. The apartments will be offered for rent with a lease-to-own option (after 15 years of leasing, residents will have the opportunity to buy their apartments).<\/p>\n<div id=\"attachment_246844\" class=\"wp-caption alignright\" style=\"width: 310px;\">\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/03\/Tushiya-United-hebrew-School-609-East-Kirby-Street.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-246844 \" title=\"Tushiya United hebrew School - 609 E Kirby Street\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/03\/Tushiya-United-hebrew-School-609-East-Kirby-Street.jpg\" alt=\"Tushiya United hebrew School - 609 E Kirby Street\" width=\"300\" height=\"175\"><\/a><\/p>\n<p class=\"wp-caption-text\">Tushiya United hebrew School \u2013 609 E Kirby Street<\/p>\n<\/div>\n<p style=\"text-align: justify;\">Another residential development that is about to break ground in Midtown Detroit is 609 E. Kirby Lofts. The $6.9 million renovation project was announced recently by a partnership between the Michigan Economic Development Corporation (MEDC), two community development finance institutions (Capital Impact Partners and Invest Detroit) and a subsidiary of Midtown Detroit, Inc. called the University Cultural Center Association, a non-profit organization that supports the revitalization of Midtown by encouraging new housing and commercial development in the area.<\/p>\n<p style=\"text-align: justify;\">According to an official statement, the historic Tushiya United Hebrew School located on the 600 block of E. Kirby Street close to Detroit\u2019s Cultural Center will be renovated and converted into 25 market-rate rental apartments by developer Richard Hosey III, who has owned the abandoned property since 2011. The project is expected to welcome its first residents in early 2015.<\/p>\n<p style=\"text-align: justify;\">The two-story Tushiyah United Hebrew School was built in 1922 to serve as the headquarters of the United Hebrew Schoold of Detroit under plans designed by architect Isadore M. Lewis. Seven years later the school closed and the building was sold to the Scott Memorial Methodist Episcopal Church. Over the following decades the building changed hands various times.<\/p>\n<p style=\"text-align: justify;\"><a title=\"MARKET SNAPSHOT: Job Growth, Increased Apartment Demand Expected to Revitalize Detroit\" href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-job-growth-increased-apartment-demand-expected-to-revitalize-detroit\/1004097816.html\" target=\"_blank\" rel=\"nofollow\"><strong>Click here<\/strong><\/a> for more market data on Detroit.<\/p>\n<p>&nbsp;<\/p>\n<p><em>Image via lost Synagogues of Detroit<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Bingham Farms-based real estate management and development company will soon add twelve apartment buildings in the southwest corner of Midtown Detroit as another private developer is ready to commence renovations at the abandoned Tushiya United Hebrew School located on the 600 block of E. Kirby Street.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1495,21742],"tags":[1815],"class_list":["post-1004092706","post","type-post","status-publish","format-standard","hentry","category-detroit","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Developers Add More Housing Units to Growing Midtown Detroit - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/developers-add-more-housing-units-to-growing-midtown-detroit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Developers Add More Housing Units to Growing Midtown Detroit\" \/>\n<meta property=\"og:description\" content=\"A Bingham Farms-based real estate management and development company will soon add twelve apartment buildings in the southwest corner of Midtown Detroit as another private developer is ready to commence renovations at the abandoned Tushiya United Hebrew School located on the 600 block of E. 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